Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Mervyn_Pumpkinhead]

Exchanges make their money on volatility. Its no surprise that they would spread their announcements to encourage as much trading as possible

Huobi for instance, is a 0% fee exchange. Meaning that they aren't interested in making profit on trades. Their interest is more probably into using their customers funds as an 0% interest loan, so they could fuel their own investments. So, I would guess that their interest would be to avoid a sudden bank run, so they could pay everyone in a slower rate.

[JorgeStolfi]

Summary of bank transfer status from this CryptocoinsNews article

Bter:      deposits halted, withdrawals still possible.
OKCoin:    deposits and withdrawals still possible. [was here @ 22:48]
FXBTC:     bank deposits halted, bank withdrawals will be halted Sunday.
BTC38:     both deposits and withdawals suspended.
BTC-China: only 3rd party transfers suspended, not notified by banks yet. [was here @ 2014-04-02 19:31]
Huobi:     ??
ChBTC:     ??
BTCTrade:  bank deposits and withdrawals still OK? (3rd party processors halted). [was here @ 2014-04-02 20:10]
BTC100:    ??
(others?)

EDIT: BTCTrade,  BTCChina updated; OKCoin fixed per reddit post.

[Aki4real]

If we do NOT hit 400 within 24 hours (where I want to buy some ), I will change my stance from slightly bullish to bullish.
The bears can't touch the 400 with all this power? These bulls must be on crack!

[fonzie]

I don´t see a lot of bulls in the orderbook&trades, i see a lot of future bagholders.

[Mervyn_Pumpkinhead]

Lack of news from Huobi and BTCChina is reckless.

It's not reckless, it's business. They are just dumping their personal coins before they announce something that makes the price drop more.
Why do you need their announcement to realize the situation?
Like the MtGox folks, who believed that everything was ok as long as Karpeles didn't say that it's all gone

I'm pretty sure they dumped their coins ages ago.

I'm pretty sure that if they would have dumped all of their coins, then the price would stay at 10$ or less.
FBI seized 250k of DPR coins that he earned with commission. And these were the coins that were given to them, without knowing if DPR actually has more coins. If you understand the technical properties of bitcoin, then you know how easy would it be to hide your funds, with only you having access to them.
Now imagine the amount of business that goes on at the exchanges. Think about commission that they are earning and think about how little expenses are needed to keep an exchange running.

[seleme]

Lack of news from Huobi and BTCChina is reckless.

It's not reckless, it's business. They are just dumping their personal coins before they announce something that makes the price drop more.
Why do you need their announcement to realize the situation?
Like the MtGox folks, who believed that everything was ok as long as Karpeles didn't say that it's all gone

I'm pretty sure they dumped their coins ages ago.

I'm pretty sure that if they would have dumped all of their coins, then the price would stay at 10$ or less.
FBI seized 250k of DPR coins that he earned with commission. And these were the coins that were given to them, without knowing if DPR actually has more coins. If you understand the technical properties of bitcoin, then you know how easy would it be to hide your funds, with only you having access to them.
Now imagine the amount of business that goes on at the exchanges. Think about commission that they are earning and think about how little expenses are needed to keep an exchange running.

Yeah, they have earned much commissions on 0% fees  

Of course they have lot of coins made from all kind of manipulation but nowhere near to crash it to 10$, and they started selling like month ago or even more like most of us did  

You don't have idea what you are talking about Mr. Noob

[JorgeStolfi]

(Apologies if this has been posted already.)
From the BTCTrade site,

尊敬的用户：今天接到第三方支付渠道通知，将于近期暂停网上直接充值的功能，充值将继续采用银行转账方式，日常交易及提现不受影响，敬请谅解！针对近期415事件，比特币交易网（btctrade.com）暂未接到任何通知，近期行情波动幅度较大，请各位投资者谨慎投资。

Google Translate:

Dear user: third-party payment channels received notification today, will soon be suspended directly online recharge feature, recharge will continue to use bank transfers, daily transactions and withdrawals are not affected, please understand! 415 for the recent events, Bitcoin transaction network (btctrade.com) yet received any notice, the recent market volatility is large, please investors cautious investment.

[fonzie]

Bitcoin Foundation members, Exchanges, hackers & thieves are dumping slowly , they wan´t to milk that cow as long as possible.
Right now there are a lot of people out there who are still wirin money to buy "cheap" coins!
If they would dump it all in one day their earnigs would be only about 10-20%

[Hypnoise]

this is not going to look pretty, I'm back in fiat  

[fonzie]

Will Huobis announcement deliver the biggest dump?
Exciting times!
Is there a site where i can bet on it :-D

[JayJuanGee]

So now $15 price movements are classed as significant?

As we know, the lower the price goes, the less money it takes to be considered significant.

[podyx]

Google Translate:

Dear user: third-party payment channels received notification today, will soon be suspended directly online recharge feature, recharge will continue to use bank transfers, daily transactions and withdrawals are not affected, please understand! 415 for the recent events, Bitcoin transaction network (btctrade.com) yet received any notice, the recent market volatility is large, please investors cautious investment.

[fonzie]

Still 16 Mio in USD swaps on Bitfinex. I gues they will provide a great help to break the 400$ support.

[JayJuanGee]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

We have already met all three sufficiently for the price to rise....  at least 1 and 2, which seem the most potentially relevant to this lame-ish description of prerequisites.

 Regarding #2 we have been between $420 and $599 for about 3 weeks... that is quite a long time.

Actually, regarding #3, this is NOT any kind of necessary prerequisite

[CoinThinker]

Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

[Mervyn_Pumpkinhead]

Lack of news from Huobi and BTCChina is reckless.

It's not reckless, it's business. They are just dumping their personal coins before they announce something that makes the price drop more.
Why do you need their announcement to realize the situation?
Like the MtGox folks, who believed that everything was ok as long as Karpeles didn't say that it's all gone

I'm pretty sure they dumped their coins ages ago.

I'm pretty sure that if they would have dumped all of their coins, then the price would stay at 10$ or less.
FBI seized 250k of DPR coins that he earned with commission. And these were the coins that were given to them, without knowing if DPR actually has more coins. If you understand the technical properties of bitcoin, then you know how easy would it be to hide your funds, with only you having access to them.
Now imagine the amount of business that goes on at the exchanges. Think about commission that they are earning and think about how little expenses are needed to keep an exchange running.

Yeah, they have earned much commissions on 0% fees  

Of course they have lot of coins made from all kind of manipulation but nowhere near to crash it to 10$, and they started selling like month ago or even more like most of us did  

You don't have idea what you are talking about Mr. Noob

It's so with Huobi, but BTCChina has earned loads with fees. Most of the rise that came at November, went through BTCChina. But still I bet that Leon Li also has more coins then anyone that has spoken in this thread.

Again the name calling. I have been right on most of my predictions for several months, and still, someone is calling me a Mr. Noob, who himself just recently discovered, that maybe we aren't in a trend reversal. Can't you have any respect for people who know better then you, or at least have basic manners when talking to a stranger?

[seleme]

Back, changed my mind.

 

[600watt]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

We have already met all three sufficiently for the price to rise....  at least 1 and 2, which seem the most potentially relevant to this lame-ish description of prerequisites.

 Regarding #2 we have been between $420 and $599 for about 3 weeks... that is quite a long time.

Actually, regarding #3, this is NOT any kind of necessary prerequisite

I'm leaving, never to return. All bitcoiners are bastards.

scared me for a second 

[fonzie]

http://www.coindesk.com/chinese-bitcoin-exchanges-okcoin-fxbtc-report-new-deposit-freezes/

If they will shut down only 3patry deposits, then you are waiting huobi and btcchina annauncements for free.

Most of them are probably still lying. FXBTC are the only ones that came straight forward and announced that bank and 3d payment processors.
Give it one more day until every one of them announces that also bank deposits will be banned. They are all a lying bunch of sacks.

"Today, FXBTC, like many of the Bitcoin exchanges in China, received multiple phone calls from our banks asking us to cancel our accounts with them. Their reason is that the PBOC has ask them to enforce their regulations regarding Bitcoin. Some of the banks even ask us to cancel our accounts no later than tomorrow. FXBTC here confirms those are not rumors, PBOC had indeed sent out memos to banks and third-party payment processing companies, asking them to terminate their business relationships with Bitcoin related companies."

[vleroybrown]

Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

The time for the emergence of Bitcoin and Alts is not here yet.  The infrastructure developments and ease of user experience in a secure way don't exist yet to help the price to go to the levels that would sustain the massive demands of a complete economic loop in even the completely developed countries much less the type of countries that have the most to gain from this invention.  I am not going to put anymore money into Bitcoin or Alts themselves, only investments into the infrastructure.  Anybody here who looks at bitcoin itself as the investment can leave for all its worth, the investment is in the model not the coin.  Build it they will come so to speak.